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Gear Energy Ltd T.GXE

Alternate Symbol(s):  GENGF

Gear Energy Ltd. is an oil-focused exploration and production company. The Company carries on the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its operations are located in three core areas: Lloydminster Heavy Oil, Central Alberta Light/Medium Oil and Southeast Saskatchewan. The Company is also engaged in focused on improving oil recoveries through the application of water flood technology. The key properties in the Central Alberta Light asset include Wilson Creek, Ferrier, Killam, Drayton Valley, and Chigwell.


TSX:GXE - Post by User

Post by Chefboy69on Sep 06, 2022 11:32am
178 Views
Post# 34944031

biggest issue for Gear

biggest issue for Gearis how secure is the dividend is a recession???

all the talk is not if but when the big R hits...so that is a major drag on newly announced divi's
with no track record, what is to stop them from lowering the divi to 0.005 from 0.01 per month

it could happen..now you have a 5% yielding stock that used to yield 10%??

emotion drives the market, not facts

I was thinking about buying more but i am already down 20% on this stock

So here i sit and watch

GLTA
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